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post: USDJPY BRIEFLY CROSSES 160 pic.twitter.com/Y1bdGt8dbA TweetUSD/JPY leaps above 160 (briefly) No fresh news to act as a catalyst, stop loss run cited. 160.24 seen, but its dropped back under 160 since. Above 160 to its highest since 1990. One minute candles: chart Japanese yen weakens to 160 against the U.S. dollar for the first time since 1990 The Japanese yen weakened to 160 against the U.S. dollar in Monday morning trading in Asia. The currency has languished alongside continued strength in the greenback as Federal Reserve rate cut expectations get pushed back.
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The yen has tumbled well past levels touted as red lines for Japan and at a pace that has traders asking when authorities might start buying the currency to support it — and why ...
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Bank of Japan intervention was, and still is, directed at controlling JGBs. Its not even a secret, YCC is Yield Curve Control! The BoJ tells us that while that policy is abandoned ...
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The debate for the Federal Reserve is beginning to shift from how many times to cut interest rates this year to whether to cut them at all in 2024. With policymakers widely ...
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For decades, carry traders have borrowed US dollars at low interest rates and invested in higher-yielding emerging-market currencies. But that flow is now getting turned on its ...